Five of nine sectors
moved higher on Thursday…XLE, XLB and XLI were the strongest sectors
while XLP was the
weakest.
Breadth strengthened…advancers
led decliners…2.43 to 1 on the NYSE and advancers
led decliners 2.07 to 1 on the
NASDAQ.
Thursday – strengthened, advancers led
Wednesday – weakened,
mixed
Tuesday – strengthened,
advancers led
Monday – strengthened,
decliners led
Friday – strengthened,
decliners led
SPY down .73 at 185.70 on 269.9 million shares, double average volume
VIX down 1.05 at 25.20…
TNX up .63 at 21.53…
TLT down .52 at 122.01...
XLF down .08 at 21.96 on 81.6 million shares, above average volume
AAPL down 1.31 at 96.23 on 72 million shares, above average volume
FB down .90 at 72.31…on 53.4 million shares, above average volume
Technical Commentary:
IWM + 1.15%,
SPY – 0.32%, DIA –
0.33%, QQQ – 0.84%.
Trade with the trend of
the chart you are trading
and continue to move your profit protection stops. Continue to follow your rules.
Short-term Chart Targets:
SPY = 193.21, 194.05, 194.88...
QQQ = 96.08, 97.10, 98.76…
IWM = 106.29, 107.34,
109.04…
Support Levels
SPY = 190.28, 189.66...
QQQ = 95.06, 93.66…
IWM = 105.76, 103.74, 102.49...
Earnings this week:
Tuesday: C, CSX, INTC, JNJ, JPM, LLTC, WFC
Wednesday: AXP, BAC, EBAY, KEY, LVS, NFLX, URI
Thursday: AMD, BHI, BX, COF, DAL, GS, GOOGL, MAT, OSTK, SNDK, SLB,
SCHW, XLNX,
Friday: BK, GE, HON,
KSU, MS, STI
Q3 Earnings Reactions
Positive Reactions – C,
COST, BBBY, BBRY, MU, NKE, PAYX, LULU, PANW, ULTA, MFRM, SPLK,
More than 10% - NKE, ULTA, LULU, PANW,
MFRM,
Negative Reactions – JNJ,
WFC, AZO, ADBE, KKD, CIEN,
More than -10% -
Reversal in progress – AZO,
Reversal of Initial
Reaction – KKD, BBRY, MU,
The SPY Market Forecast is at 10.
___________________
Setups
Horizontal Breakout:
ANGI, BABA, BBY, SCSS, LVS,
Diagonal Breakout: MFRM,
PANW, SWKS, CAR, SINA, WLT, ILMN,
Bull Flag: GMCR,
Potential Bullish
Divergence:
Gap Up:
Gap Down:
Bear Flag:
At Support:
C- Pattern:
Moves
New Highs:
H Breakout: KKD, CMGE,
GRMN,
D Breakout: BBRY, FEYE, GOGO, IWM, SSYS, ANR, GME, TSL, UBNT, XONE,
Breakout Test:
Bull Flag Bounce:
Bounce: AA, BAC, C,
CRM, CSIQ, DAL, FAS, HPQ, MBLY, NKE, RCL, SPLK, TPX, UA, UAL, V, VRSN, YY, ATI,
HOG, JASO, JCP, MTW, STI, VJET, ZION, ADBE, DTV, EXPE, GILD, MAR, MU, SBUX,
SNDK, STX, TRIP, TXN, WDC, WYNN, YHOO,
MACD Divergence Bounce:
JD, SCTY, CIEN, ETFC, KNDI, SOHU, PCLN,
Gap Up: ESI,
Gap Down: NFLX,
C- Pattern:
Bear Flag:
Support Break:
______________________
43 out of 100 NDX stocks closed higher
on Thursday.
Leading NDX 100 stocks included: XLNX, WYNN, ILMN, AVGO, NXPI, MYL, BIDU, FOXA,
LLTC, ALXN
Lagging NDX stocks included: NFLX, EBAY, SNDK, GOOG, MAT, CMCSA, AKAM, VIP
Leading stocks > +2% on Thursday:
FEYE, CSIQ, YY, AAL, SWKS, HPQ,BABA,SCTY, SSYS, JD, UAL, DAL, RCL, SPLK, UA, NKE
Lagging stocks < -3.0% included:
TWTR
Stocks to Watch on Friday
Holding Above 30 DMA= 5
SIAL,
GMCR, ROST, CHRW, GRMN
Moving Above 30 DMA = 3
MYL, SRCL, WYNN
Moving Below 30 DMA = 0
Staying Below 30 DMA
COST, MNST, PAYX, VRTX, AAPL, ALXN, DLTR, ADP, ADSK, BBBY, ISRG, YHOO, AMGN, CELG, CERN, CTSH, DTV, EBAY,
FAST, FB, GILD, LBTYA, MSFT, NFLX, REGN, CSCO, EXPE, INTU, MU, SBAC, WFM, CHRW, DISH, FISV,
AVGO, ALTR, BRCM, CTXS, INTC, KLAC, NTAP, BIDU,MAR, NXPI,SNDK, TXN, VOD, XLNX,
SPLS, AKAM, BIIB, CHKP,GOOG, QCOM, CHTR, CMCSA, FFIV, LLTC, AMAT, CA, ESRX,
EXPD, LMCA, LMCK, MXIM, SYMC, TRIP, VIAB, VRSK, EQIX, ILMN, MDLZ, NVDA, ORLY,
SIRI, CTRX, KRFT, ADBE, AMZN, ATVI, FOXA, STX, TSLA, VIP, HSIC, SBUX, TSCO,
DISCA, MAT, ADI, WDC, GRMN, PCLN, PCAR, WYNN
5-month Intermediate
Term Market Trend: Neutral
3-day Short Term Market Trend: Down
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